Dictionary

metamarket en · NOUN

Etymology

From meta- + market.

Meanings

1. A group of businesses that offer products that are related from a consumer's perspective but which have no institutional connections.
   • While the activities that constitute a metamarket are logically related from the consumer's perspective, the products and services that they map into may be quite unrelated from the producer perspective. 2001, Dawn Iacobucci, Kellogg on Marketing, →ISBN, page 399:
   • Now, when a construction firm, dealer, housing finance firm, interior designer, furnishers, media, and internet site come together, a metamarket is created. 2005, Rajan Saxena, Marketing Management, →ISBN, page 21:
   • The automobile metamarket consists of automobile manufacturers, new car dealers, service shops, auto magazines, classified auto ads in newspapers, and auto sites on the Internet. In purchasing a car, a buyer will get involved in many parts of this metamarket, and this has created an opportunity for metamediaries to assist buyers to move seamlesly through these groups, although they are disconnected in physical space. 2007, M. Govindarajan, Marketing Management, →ISBN, page 9:
2. A market that trades in the medium of exchange of a lower-level market, such as money, derivatives, or credit.
   • Meanwhile as the metamarket booms, the few remaining souls who did not get in on the ground floor, have no choice but to pursue eschatology. 1982, JoAnna M. Watson, Rex Patrick Stevens, Perspectives on Liberal Education: Pioneers and Pall-Bearers:
   • All these processes eventually cause reversals which reverberate across metamarkets and down to lower-level markets, in which the instruments of exchange in a metamarket (say, credit and money) become less available to facilitate exchange, thereby sending the lower market into instability or at least retraction. 1997, Jonathan H. Turner, The Institutional Order: Economy, Kinship, Religion, Polity, Law, and Education in Evolutionary and Comparative Perspective, →ISBN, page 33:
   • A metamarket exchanges the medium of exchange in a lower-level market. For example, money is the medium of exchange in most markets, but it can become the commodity exchanged in money markets (a type of metamarket). 2015, Jonathan H. Turner, Alexandra Maryanski, On the Origin of Societies by Natural Selection, →ISBN, page 264:
3. A market that trades in access to audiences or consumers.
   • These audiences have a price: they constitute metamarkets. The market -- for toothpaste, mobile phones, and optional extras on cars -- passes through the metamarket of audiences. 2009, Bernard Stiegler, David Barison, Acting out, →ISBN, page 63:
   • They provide access to a metamarket of millions of minds whose attention can be captured and conditioned to adopt new consumption goods'. 2015, Daniel Woodley, Globalization and Capitalist Geopolitics, →ISBN:
4. The social and political infrastructure within which a market functions.
   • A market cannot operate at its full capacity unless it has a metamarket that reduces its costs, internalizes externalities, stabilizes contractual relations, and guarantees property rights. 2004, Organisation for Economic Co-operation and Development, OECD Employment Outlook, page 231:
   • Any felt market failures in his view, then, are not in fact failures in the market but in the metamarket, the institutional organization of which suffers from malfunctions that act to prevent optimal contracting within the 'real' market Of transactions. 2012, J.M. Van Brabant, Privatizing Eastern Europe, →ISBN:
   • Our interest in Coase's theorem, which we shall examine in the following section, lies precisely in that it delineates the conditions under which it is possible to separate the economic market from the institutional metamarket, thus allowing us to study those institutions which propitiate this segregation and leading us to specify mutual influences when this segregation is not possible. 2012, S. Pejovich, Socialism: Institutional, Philosophical and Economic Issues, →ISBN, page 18:
5. The process of promoting the exchange or adoption of things other than goods or services that are offered for sale.
   • 'Meta' means 'related to or extension of the main body' and that is what the metamarkets are: that group of producers and/or suppliers of goods and services who cannot easily be classified in the other main markets, such as charities, government servicers, clubs, political parties, institutes and associations, unions, etc. Unlike organisation in other markets the organisations within the metamarket to not always aim to make a profit surplus to their operation costs. 1994, W. G. Leader, N. Kyritsis, Fundamentals of Marketing, →ISBN, page 35:
   • All are contained in a kind of metamarket that peddles, basically, immortality. This metamarket is what we call consumerism. 1988, Kevin McMahon, Arctic Twilight, →ISBN:
   • In this sense, a campaign to respect the rights of nonsmokers in public places through legislation is a "product" that is as real as a Winston "that tastes good like a cigarette should." This broader, more abstract definition also means the conventional theory of a "product life cycle" is pertinent to metamarket organizations. 1977, Robert F. Gwinner, Marketing: An Environmental Perspective, page 538:

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